Income Tax 2013

Dec 05, 2016 at 18:58 | Source: PTI
The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current fiscal, ICRA said in a report here.
Dec 04, 2016 at 17:40 | Source: PTI
The Finance Ministry today revised upwards black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, which will fetch the government a little over Rs 30,000 crore in direct tax revenue even as it did not take into account two high value disclosures.
Dec 04, 2016 at 16:20 | Source: PTI
The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit.
Dec 03, 2016 at 19:00 | Source: PTI
"By just depositing it (unaccounted money), you don't avoid the responsibility of paying tax," he said when asked about surge in deposits in banks following withdrawal of high denomination currency notes.
Dec 02, 2016 at 19:04 | Source: PTI
In a major crackdown on bankemployees involved in irregularities post demonetisation, asmany as 27 senior officials of various public sector bankshave been suspended and six others transfered to check corruptpractices.
Dec 02, 2016 at 17:01 | Source:
Under the Income Tax Act a basic amount that is earned by the individual as taxable income is not subject to any tax.
Dec 02, 2016 at 14:46 | Source: PTI
Urging the government to consider lifting the cash withdrawal limit for corporate firms, Assocham said there is no scope of misuse as these transactions are properly recorded and audited.
Dec 01, 2016 at 21:12 | Source: PTI
In the biggest seizure of cash in new currency post demonetisation, the Income Tax department today confiscated over Rs 4 crore during searches in a dozen premises in Bengaluru and other locations.
Dec 01, 2016 at 21:12 | Source: PTI
Describing the Income Tax Amendment Bill as "unleashing of taxation terrorism", Congress today said it is "a big assault" on the federal economy of the country that would reduce the income of states to the extent of 50 per cent.
Dec 01, 2016 at 19:40 | Source: PTI
Seeking to quell apprehensions based on rumours, the government today said there is no limit on legitimate holding of gold and jewellery, including from inheritance, and there would be no seizure of bullion up to a certain limit even if that does not seem to match income.
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